We did it! Our first two Free Real Estate Workshops were a huge success! If you missed it, Golden Ticket Home Events has set up series of free workshops to help you explore the process of selling
Less Than 5 Percent Of Homes In The US Have Negative Equity Making It An Ideal Time To Sell For Most
After the housing crisis of 2008, many homeowners found themselves "upside down" on their properties, with their mortgage balances significantly higher than the value of their home. According to Zillow, negative equity in the US peaked 31.4% in Q1 of 2012, meaning nearly one-third of all mortgage holders in the US owed more on their homes than it was valued.
But luckily, the housing market has rebounded from the housing crisis, and homeowners have almost completely regained equity in their homes. According to CoreLogic's most recent Home Equity Insights report, in Q4 of 2017 only 4.9% of all mortgaged properties had negative equity, with the number of homes with negative equity dropping 21% year-over-year (from 3.2 million homes to 2.5 million homes).
If you've been thinking about selling but were waiting for your home to recover its value, now is the time to make a move. The dramatic decrease in negative equity, combined with the current inventory shortage, make it an ideal time to sell and to get the most value for your home.
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Want to move, but not sure how to get top dollar for your house and then find a comparable house in the location you want? You’re not alone. Whether you’re selling or buying (or both!), the